NSW Budget: $600,000 and under stamp duty exemption
NSW residents over the age of 65 are being incentivised to sell their existing home. The $10 million allocated in the budget for the seniors' stamp duty exemption would assist 444 buyers in the next financial year. For two years from July 1, seniors...
NSW residents over the age of 65 are being incentivised to sell their existing home. The $10 million allocated in the budget for the seniors' stamp duty exemption would assist 444 buyers in the next financial year. For two years from July 1, seniors who buy a newly constructed home worth up to $600,000 will also pay no stamp duty, saving a potential $22,490. The benefit will apply to people over 65 who sell their primary place of residence and move into a home that is under any stage of construction.
